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Pen-Fift 

Means penis and is derived from the term pen15 which is used by baddies in years five, six and seven as a way to make themselves look like immature wankers. Can be used with other words such as mastie and reckie to make people laugh while making fun of the kind of kids who would actually be in the pen15 club.
Vinnie popped a reckie as hard as a diamond then chucked a mastie until his Pen-Fift felt like it was made of clay
Pen-Fift by Rough_Bastard February 27, 2010
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Pen Fifteen 

Pen Fifteen, translated to pen15, then translated from leet, means penis. Used by sofisticated nerd everywhere
User name 'Pen fifteen'
OMG look @ his Pen Fifteen
Pen Fifteen by SensenmanN December 12, 2005

pen fifteen 

a trick played on girls who are sweet, oblivious, innocent girls. a mean girl will ask them to join the pen club. she says"i'm pen 13, she's pen 14, and we want you to be pen 15. the girl, oblivious as she is, says ok! then the mean girl writes PEN15 or PENIS on the girl's hand.
that girl who played the pen fifteen trick is SO evil!!!!
pen fifteen by chinchilasrule February 14, 2008

penfifteen 

"You remember those days back in third grade where I invited Kevin to join the Pen Fifteen club? So I wrote Pen15 on his hand and started lollerskatesing all over the place and he didn't get it. Then I told him to look at his hand and it looked like it said Penis. Hahaha, good ol' days, y0. w3rd. N shit.
Yeeeeeeeeeeeeeeeeeeeeeeah."
penfifteen by BJ Streeby March 29, 2004